Answer:
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Step-by-step explanation:
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Answer: The probability in (b) has higher probability than the probability in (a).
Explanation:
Since we're computing for the probability of the sample mean, we consider the z-score and the standard deviation of the sampling distribution. Recall that the standard deviation of the sampling distribution approximately the quotient of the population standard deviation and the square root of the sample size.
So, if the sample size higher, the standard deviation of the sampling distribution is lower. Since the sample size in (b) is higher, the standard deviation of the sampling distribution in (b) is lower.
Moreover, since the mean of the sampling distribution is the same as the population mean, the lower the standard deviation, the wider the range of z-scores. Because the standard deviation in (b) is lower, it has a wider range of z-scores.
Note that in a normal distribution, if the probability has wider range of z-scores, it has a higher probability. Therefore, the probability in (b) has higher probability than the probability in (a) because it has wider range of z-scores than the probability in (a).
Answer:
46
Step-by-step explanation:
Answer:
(a) MAE = 5.20
(b) MSE = 10
(c) MAPE = 38.60%
(d) Forecast for week 7 = 14
Step-by-step explanation:
Note: See the attached excel for the calculations of the Error, Error^2, and Error %.
(a) mean absolute error
MAE = Total of absolute value of error / Number of observations considered = |Error| / 5 = 26 / 5 = 5.20
(b) mean squared error
MSE = Total of Error^2 / Number of observations considered = Error^2 / 5 = 150 / 5 = 10
(c) mean absolute percentage error (Round your answer to two decimal places.)
MAPE = Total of Error % / Number of observations considered = Error % / 5 = 193.02 / 5 = 38.60%
(d) What is the forecast for week 7?
Since the forecast is based on the naive method (most recent value), the forecast for week 7 is value for week 6. Therefore, we have:
Forecast for week 7 = 14
For this case we have the following data:
So that the figure can be a rectangle, its diagonals must be equal, that is, 
In this way we have:
Clearing x we have:
Thus, x must be equal to 10 so that the figure is a rectangle.
Answer:
Option A
